Cybersecurity Private Equity

Cyber TRUST™ Index

129

-0

52 Week

223

120

Index at 100 on January 1, 2020

Building Cooperation in Cybersecurity Initiatives [Weekly Cybersecurity Brief]

There are many things driving the awareness around cybersecurity. Whether it is the war in Ukraine that continues to fuel concerns, the rise in attacks or the expanding landscape of vulnerabilities, they all come together to build the need we have for strong solutions across the board. One sector attempting to develop strategies for the many levels of cybersecurity is the regulatory sector. We are running through some of the latest initiatives introduced.

First up is progress around the labeling effort to identify top performing cybersecurity services and tools. According to CyberScoop, the White House National Security Council will be announcing plans for its consumer products program. Around 50 representatives from various organizations and companies are expected to gather at the White House on Oct. 19 to discuss details prior to launching the effort in 2023. This is meant to provide insight for the standards that will be used to determine risk associated with devices. Through this program, the U.S. is also looking to align standards with those put forth by the European Union.

Meanwhile, transportation regulatory bodies are taking further action to enhance cybersecurity guidelines. After airports experienced a series of attacks on their websites, the TSA aims to update cybersecurity requirements for aviation systems. The new requirements will add to prior ones published, including designating a cybersecurity coordinator and reporting on incidents. The FAA has also issued similar rules stating that airports should “consider and address physical and cyber security risks relevant to the transportation mode and type and scale of the project.”

There are more initiatives forming in Europe as well with the ongoing threat to cybersecurity that the Russian and Ukrainian conflicted poses. As Reuters reports, representatives from Ukraine’s State Service of Special Communications and Information Protection (SSSCIP) and the European Union Agency for Cybersecurity (ENISA) convened to discuss strengthening their coalition to defend against any attempts. The meeting was part of the Cybersecurity East Project, which was formed in 2019 to foster cooperation between legal frameworks within the countries in order to streamline cybersecurity approaches. Other nations represented at the meeting included Armenia, Azerbaijan, Georgia, and Moldova. 

Key Takeaways:

 “White House to unveil ambitious cybersecurity labeling effort modeled after Energy Star” – Suzanne Smalley, CyberScoop

https://www.cyberscoop.com/white-house-to-unveil-internet-of-things-labeling/

  • The White House National Security Council will be announcing plans for its consumer cybersecurity products program.
  • Around 50 representatives from various organizations and companies are expected to gather at the White House on Oct. 19th.
  • This is meant to provide insight for the standards that will be used to determine risk associated with devices.

“U.S. to issue new cybersecurity requirements for critical aviation systems” – David Shepardson, Reuters

https://www.reuters.com/world/us/us-issue-new-cybersecurity-requirements-critical-aviation-systems-2022-10-12/

  • After airports experienced a series of attacks on their websites, the TSA aims to update cybersecurity requirements for aviation systems.
  • The new requirements will add to prior ones published, including designating a cybersecurity coordinator and reporting on incidents.
  • The FAA has also issued similar rules.

“Ukraine Enhances Cooperation with EU Cybersecurity Agencies” – Beth Maundrill, InfoSecurity

https://www.infosecurity-magazine.com/news/ukraine-cooperation-with-eu/

  • Representatives from Ukraine’s State Service of Special Communications and Information Protection (SSSCIP) and the European Union Agency for Cybersecurity (ENISA) convened to discuss strengthening their coalition to defend against any cybersecurity attacks.
  • The meeting was part of the Cybersecurity East Project, which was formed in 2019 to foster cooperation between legal frameworks within the countries in order to streamline cybersecurity approaches.
  • Other nations represented at the meeting included Armenia, Azerbaijan, Georgia, and Moldova.
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